Horizen EON Boosts DeFi with Integration of Ascent Exchange and ICHI Vault
Horizen EON has successfully integrated Ascent Exchange into its ecosystem by utilizing the ICHI Vault. This integration allows users to take advantage of the decentralized finance (defi) capabilities offered by both platforms. Horizen EON is a blockchain platform that supports the development of defi applications, while Ascent Exchange is a global digital trading platform for various tokens.
By combining the features of Horizen EON and Ascent Exchange, users can benefit from the privacy and security provided by Horizen EON, enabling them to create innovative applications. Additionally, Ascent Exchange offers liquidity for trading Horizen EON tokens, with the opportunity to earn yield through the use of the ICHI vault. The ICHI vault protocol, utilized by Uniswap v3, allows decentralized exchange users to optimize their liquidity positions and earn higher returns through automated strategies and rebalancing mechanisms.
Rob Viglione, the co-founder of Horizen and CEO of Horizen Labs, expressed his excitement about the integration, stating that it would facilitate seamless trading and data transfer within the ecosystem. This collaboration aims to achieve a unified and interoperable web3 ecosystem, aligning with the shared vision of both platforms.
The incorporation of Ascent Exchange is expected to bring several benefits to Horizen users. It is anticipated to attract new users and set a new benchmark in the trading space. This integration further strengthens Horizen EON’s position as a leading crypto exchange for developers and enthusiasts.
Bones, the founding member of Ascent Exchange, also commented on the collaboration, emphasizing the potential advantages it can provide to users.
Previously, Horizen Labs partnered with Stably to launch ZUSD, the first stablecoin on the EON platform.
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